As a nonprofit, 501(c)(8) fraternal organization, Everence enjoys a unique tax status. Instead of paying taxes like a commercial insurance company, we return this money to our members to help meet special needs. This pool of money makes up the core of the Sharing Fund, but it is far from the only source of funds.
Our members, staff and board make additional contributions – including through estate and will bequeaths – to the Sharing Fund each year as they would to a charity. And, through our corporate tithing, Everence contributes a portion of net financial gains to member benefits such as the Sharing Fund.